Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now NSE - Delayed Quote • INR Bharat Petroleum Corporation Limited (BPCL.NS) Follow Compare 298.75 +4.35 +(1.48%) At close: 3:29:59 PM GMT+5:30 All News Press Releases SEC Filings India's BPCL plans to buy US oil via 4-mth tender, source says Indian state refiner Bharat Petroleum Corp plans to float a 4-month tender next week to buy U.S. West Texas Intermediate (WTI) crude, a person familiar with the matter said on Friday, as it eyes cheaper oil from the world's top producer. BPCL did not respond to Reuters request for comments. The Indian refiner last year awarded a similar tender to European major BP. Eco Wave Power and BPCL sign MoU to develop wave energy in India India's Ministry of New and Renewable Energy recognises ocean energy as a renewable resource with untapped potential. EXCLUSIVE: Eco Wave Power Signs MoU With India's Bharat Petroleum To Develop Wave Energy On Thursday, Eco Wave Power Global AB (NASDAQ:WAVE), an onshore wave energy company, announced it has signed a Memorandum of Understanding with Bharat Petroleum Corporation Limited (BPCL) at India Energy Week 2025. Announced on February 11, this partnership aims to integrate wave energy into India’s renewable energy strategy. BPCL, a state-owned energy giant, selected Eco Wave Power as a strategic partner after thoroughly evaluating wave energy technologies. Also Read: Eco Wave Power, EDF Renewa Petrobras inks agreements with BPCL, OVL and Oil India These agreements were finalised during India Energy Week. ADNOC secures five-year LNG supply deal with India’s BPCL The ADNOC-BPCL deal is expected to be finalised during the India Energy Week conference. ADNOC agrees 5-year LNG supply deal with India's BPCL, sources say Abu Dhabi National Oil Company (ADNOC) will supply 2.5 million tons of liquefied natural gas (LNG) to India's Bharat Petroleum Corp under a new five year deal, sources with knowledge of the matter said on Monday. Indian's state refiner will receive 40 cargos of LNG under the 5-year contract with supplies beginning from April, the sources said. In the initial two years, supplies would be less and will be gradually ramped up, one of the sources said. Bharat Petroleum to invest $121m in Nunukan O&G block in Indonesia BPCL is seeking regulatory approvals from Indonesia to proceed with the block's development. India's BPCL sees March Russian oil intake down 20% as it awaits offers India's state-run refiner Bharat Petroleum Corp sees its Russian oil processing down to 20% in March from 31% this month as it awaits offers from traders, its head of finance Vetsa Ramakrishna Gupta told an analyst call on Thursday. The company and other state refiners such as Indian Oil Corp, Hindustan Petroleum, and Mangalore Refinery and Petrochemicals buy Russian oil in the spot market and the lack of clarity regarding its availability is forcing them to look for alternatives. BPCL's Russian oil processing declined to 31% in December quarter from about 35-40% in the previous month. India's Bharat Petroleum to invest $121 million to develop Indonesian oil and gas block BPCL's exploration unit, Bharat PetroResources, holds a 16.23% stake in the Nunukan block, operated by Indonesia's national oil company, Pertamina. The Indian refiner is seeking approvals from Indonesian regulators for the block's development. Indian refiners seek crude after US sanctions disrupt Russia oil supply Indian refiners Mangalore Refinery and Petrochemical Ltd (MRPL) and Bharat Petroleum Corp Ltd (BPCL) issued tenders this week seeking crude oil, trade sources said on Tuesday, after harsher U.S. sanctions disrupted Russian supply. The tenders come more than a week after Washington announced sweeping sanctions targeting Russian producers and tankers, disrupting supply from the world's No. 2 producer and tightening ship availability. MRPL issued its first crude import tender in more than a year, seeking offers of 1 million or 2 million barrels on a cost and freight (C&F) or a delivered at port (DAP) basis to be delivered on Feb. 16-28, according to the notice and sources. BPCL secures financial closure for Bina Refinery expansion project in India The project aligns with India's goals to boost industrial growth, enhance infrastructure and strengthen energy security. BPCL purchases Middle East oil to offset Russian supply shortfall BPCL's three refineries, processing 35–37% Russian oil at 706,000bpd capacity faces decline in exports. India's BPCL buys Middle East grades to replace Russian shortfall State-run Indian refiner Bharat Petroleum Corp is buying Middle Eastern crude to make up for less supply of cheaper Russian oil, its head of finance Vetsa Ramakrishna Gupta said in a recent interview. Indian state refiners, which typically buy Russian oil in the spot market rather than under long-term contract, are unable to procure about 8 million to 10 million barrels of crude for January loading that they have previously seen available in the market, sources said earlier this month. India became a top buyer of Russian seaborne oil after the European Union shunned purchases and imposed sanctions on Moscow following its invasion of Ukraine in 2022. BPCL plans $11 billion refinery proj in South India NEW DELHI (Reuters) -India's Bharat Petroleum Corp plans to invest $11 billion in southern Andhra Pradesh state for a new refinery and petrochemical project to meet rising fuel demand in the world's fastest-growing major economy, its chairman said. India wants to emerge as a major refining hub supplying fuel to the global markets as Western companies are cutting crude processing capacities in favour of energy transition. India aspires to be a developed nation by 2047 with its GDP rising to $30 trillion from the current $3.8 trillion. BPCL to set up new greenfield refinery project in Andhra Pradesh, India The refinery is estimated to have at least a nine million tonnes (180,000 barrels per day) capacity. India's BPCL buys first Argentinian crude oil cargo for Feb delivery, sources say India's Bharat Petroleum Corp Ltd has bought its first crude oil cargo from Argentina, two trade sources said on Friday, part of the company's effort to diversify the grades processed at its refineries. The light-sweet grade is of a similar quality to U.S. West Texas Intermediate crude, they added. BPCL bought the cargo for trial processing at its refineries, one of the sources said. India's BPCL plans to expand refining capacity by 2028 As part of the plan, BPCL - the country's second-biggest fuel retailer - will increase the capacity of its 15.5 million tpy Kochi refinery, situated in the southern state of Kerala, to 18 million tpy. It will also boost the capacity of its 12 million tpy Mumbai refinery to 16 million tpy, Khanna said. Bharat Petroleum Corp Ltd (BOM:500547) Q2 2025 Earnings Call Highlights: Strong Operational ... Despite achieving high throughput and market share growth, Bharat Petroleum Corp Ltd (BOM:500547) faces profitability pressures due to LPG and marketing losses. India's BPCL says Russia oil intake share falls to 34% in September quarter Indian refiner Bharat Petroleum Corp's use of Russian oil fell to 34% of the total intake for crude processing in the July-September quarter due to a maintenance shutdown of units at its Bina and Kochi refineries, its finance head said on Monday. The state-run company, which can process about 706,000 barrels per day (bpd) at its three refineries in India, met about 40% of its oil needs with Russian supplies in the June quarter, Vetsa Ramakrishna Gupta told an analysts' call. BPCL mainly processes Russian oil at its 156,000-bpd Bina refinery in central India and the 310,000-bpd Kochi refinery in southern Kerala state. Bharat Petroleum And Two Other Indian Dividend Stocks To Consider In the last week, the Indian market has stayed flat, but over the past 12 months, it has risen by an impressive 40%, with earnings forecast to grow by 17% annually. In such a promising environment, dividend stocks like Bharat Petroleum and others can offer investors a combination of income and potential growth, making them worth considering for those looking to capitalize on India's robust market trajectory. Performance Overview Trailing total returns as of 4/16/2025, which may include dividends or other distributions. Benchmark is S&P BSE SENSEX (^BSESN) Return BPCL.NS S&P BSE SENSEX (^BSESN) YTD +4.17% -1.40% 1-Year +6.17% +5.62% 3-Year +78.78% +32.06%